Historic Preservation, America’s Ultimate Green Building Program Wyoming AIA Winter Conference Cheyenne, WY Scott Day Principal Urban Development Services
Hotel Hamilton, Laredo, TX
HAMILTON HOTEL LOW-INCOME HOUSING TAX CREDIT PROJECT OWNERSHIP STRUCTURE AND CONTRACTUAL RELATIONSHIPS Covenant City of Laredo Contractual Communities Relationships Partners, Ltd. Owns Owns Covenant Laredo Housing Related of Loan Lenders Housing Finance Capital Agreements (4) Hamilton Corporation (3) L.L.C. (1) Owns 0.5% MGP 99% LP Laredo Housing Construction Faulkner Finance Construction Contract Corporation (5) Subsidiary (2) 0.5% GP Development Agreement Covenant Hamilton Housing L.L.C. Hamilton Housing (6) Partners, Ltd. Property Management Property Agreement Manager Hamilton Hotel (7) LIHTC Project
% Who Agree % Who agree Consumer Time with dual with single Famine incomes incomes Shopping adds stress 50% 36% to my life Shopping becomes 45% 35% more of a chore each year I have less time to 66% 42% shop than I did five years ago Shopping interferes 30% 14% with spending time with my children UDS
Livability = Connectivity = Ability to Choose • Shopping • Transportation • Access to good paying jobs • Good environmental quality • Good quality housing • Superior education opportunities • Unique environments
Today’s Job Market • Outsourcing – Accounting – Journalism – Service call centers – Engineering – Architects – Radiologists and doctors on call – Financial analysts • Today you can be anywhere and be in business. • Today, the playing field is somewhat level
Tomorrows Job Market Thomas Friedman “The World is Flat • In 2003 there were 25,000 US tax returns done in India. In 2011 1.6 million • At $100 per month salary…
America still produces 75% of what it consumes but this down from 90% in the mid 90’s
Impact of • Ever Googled yourself? • Every Googled you neighbor? • What’s for dinner? • One of the most complete photographic data bases of communities • Android phones find most competitive pricing (scanners and search engines)
Tomorrow’s Jobs will require the touchy feely • Everyone needs to focus on how to add value to their job. • Anything that can be digitized will be
Competition among Cities for workers • Quality of life will determine where people live in the future. – Access to good transportation and communication – Safety – Creative environments – Culturally amenities and culturally rich (entertaining) – Environmentally wholesome
Energy Crisis of the 1970’s
10,353 gallons of gas (100’deep, 25’ tall, 22’wide and 3 brick wide walls) = 193 Downtown buildings; the amount of gas saved by recycling aluminum cans each year
Leads to discussion of • ? how we can improve transportation and livability???
Area occupied by interstate highway system is approximately equal to the state of Georgia
Potential Cost Savings With More Compact Development • If US government agencies advocated for more compact development we could save 11% or $110 billion on road building over 25 years. • They would save 6% or $12.6 billion on water and sewer costs. • They would save about 3% or $4 billion on services From, Investing in a Better Future, by Tony Downs UDS
We’re attempting to build our way out of the crisis How Road and Bridge Improvements Save Lives • Approx. 42,000 people are killed on highways each year in the U. S., 3.5 million are injured • Cost about $200 billion in property damage each year • Highway crashes are the leading cause of death of people 6 to 28 years of age and are the cause of more permanent impairments than any other type of accident. • Statistics show that increased investment in road and bridge improvements save lives. Making road lanes and shoulders wider, adding medians and improving bridges are just a few of the improvements which have been shown to cut fatalities significantly. • Every $100 million invested in highway safety improvements will result in approximately 145 fewer traffic fatalities over a 10-year period (= $29.9 trillion required to eliminate 90% of the fatalities) Source: Road Information Program from the Federal Highway Administration (FHWA) and the National Highway Traffic Safety Administration. .
Cost to operate a vehicle • 2 income workers making $9.00/hour = $37,440 per household income • Taxes of $7,488 reduce this to $29,952 • 1/3 of household budget for housing … brings this to $19,948 • Each car costs about $5,500 to operate or $11,000 That leaves $8,948 for food, clothing, entertainment etc. Or about $24.00 per day
The average American household is now going to spend About $1,800 in gas per vehicle per year That means you can now afford about $15,000 more in additional mortgage costs if you live closer to where you work. Build up your equity or send the money overseas
More Compact Development = Conservation of Resources • Natural Resources • Infrastructure • Built Resource • Human Resources
Density…. • Streetscape a necessary evil
Education and awareness
Walkable Cities = Better Health • In San Diego, one study found that people that live in a higher density, land use mix, connectivity, engage in moderate physical activity nearly 50 percent more than those in that ranked poorly in walkability. • 35% of the people were over weight in the walkable neighborhood as opposed to 60 percent in the low walkability neighborhood. Urban Sprawl and Public Health, Frumkin and Frank, Island Press, 2004
The Rainbow Te-ton Entrepreneur Center • Created for the opportunity for new or early stage businesses to collaborate and share expenses. • Phone, High Speed Internet, Copy room with b/w copies, Shared Conference Room, Shared Administrative Assistant and Partnering Agencies & Other Entrepreneurs’ for Business Support.
• Reuse • Retrofit • Reinvest
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